SRPP New Idea: TSLA

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Power Plays New Idea: TSLA

May 25, 2023

By Scott Redler

Name: Tesla

Ticker: TSLA

Price: $184

Needs to Hold: $167 to $177

Price Objective 1: $205 to $215

Price Objective 2: N/A

I'm making Tesla (TSLA) our latest Power Play.

It looks like it's ready to clear the downtrend line around $192.50, which could send it to the $205 to $215 area.

On the risk side, the danger zone here is $167 to $177. If the stock gets down there we'd have to think about switching gears.

But Tesla looks ready to lead the market from here which gives it Power Plays status.

Stay tuned for more updates.

-Scott

Scott Redler Positions Disclosure as of 2023-05-25 at 11.10.08 AM

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